408 2nd Street Nw, Puyallup, WA 98371

Puyallup
Local realty services provided by:Knipe Realty ERA Powered
Listed by: tyler freed
Office: windermere real estate/psk inc
MLS#:2574077
Source:NWMLS
408 2nd Street Nw,Puyallup, WA 98371
$1,250,000
  • - Beds
  • - Baths
  • 3,986 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$313.6

About this home

Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup’s most convenient locations.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1976
  • Subdivision & Development:Puyallup
  • Listing ID #:2574077
  • Updated:September 17, 2026 at 12:33 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor
  • Living area:3,986 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1976
  • Building area:3,986 sq. ft.
  • Lot area:0.33 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Cement/Concrete Exterior Finish, Wood Products Exterior Finish

Schools

  • High school:Puyallup High
  • Middle school:Kalles Jnr High
  • Elementary school:Stewart Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$313.6
  • Tax amount:$8,924 (2026)

Parking

  • Total parking spaces:19
  • Carport spaces:8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 17, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

New listings near 408 2nd Street Nw